Company Law Saga

Aamir, MD of XYZ Ltd, sold company's land to his friend, Rohan, at Rs 50 lakhs without board approval. Rohan later sold it for Rs 1 crore. XYZ Ltd is now facing financial loss. The company's board alleges that Aamir and Rohan have misused their positions. What legal remedy can the company apply?

The company claims that Aamir's action constitutes a breach of his fiduciary duty as MD. Rohan is accused of being an unregistered transferee and profiteering from the transaction. What legal recourse is available to XYZ Ltd to recover the losses and hold Aamir and Rohan accountable?